FMG 1.02% $22.36 fortescue ltd

Iron ore price, page-53011

  1. 3,359 Posts.
    lightbulb Created with Sketch. 707
    You are forgetting FMG also selling their higher grade IO and not only that but some of their FFI sales.
    I suspect the divvy will be anything from $1.08 to $1.25

    Currency though up to nearly $0.68US
    It was mainly at $0.66US up until the last two weeks.

    Last payout was 65% of profits to divs.
    A Forrest was still married then. Might be higher if he needs more cash.

    What ever it is it will be at least $1 or higher and in the coming years it will only grow
    like the share price.


 
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